Real Estate Investing in Mount Vernon, South Dakota (57363)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57363 (Mount Vernon, SD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mount Vernon, SD (57363)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57363 Mount Vernon
The 57363 ZIP in Mount Vernon, SD is a local-operator market. Outside capital chasing a $291K entry has to pair deep knowledge with the discount.
Rent of $1,062/mo on a $291K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 57363 sits below the stated 0.0% once reality is priced in.
Regionally, 57363 sits on the difficult end of the SD spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 57363 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 57363 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Mount Vernon:
Market Trends
Home Value History (with trend line)
📊 How Does 57363 Compare?
| Metric | 57363 | Mount Vernon | Mitchell, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $290,957 | $290,957 | N/A | $311,504 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.8% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57363 (Mount Vernon, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,957 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 57363
Population: 867
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 57363
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,016 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Mount Vernon, SD?
Tenant quality in Mount Vernon, SD ranks as solid. Landlords generally report consistent occupancy at market rents of $1,062/mo.
How does Mount Vernon, SD stack up for property investment?
Yes - Mount Vernon, SD a 3.0/5 investability score. With $291K home prices against $1,062/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is rental property easy to operate in Mount Vernon, SD?
The landlord environment in Mount Vernon, SD is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much rent can I charge in Mount Vernon, SD?
Mount Vernon, SD rentals go for roughly $1,062/mo a month. That puts gross yield in solid territory relative to $291K acquisition costs.
How do home values compare in Mount Vernon, SD?
Homes in Mount Vernon, SD typically sell near $291K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
You know 57363 now. You don’t know where it ranks.
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